Indian companies created 1.7 lakh local jobs |
India has told countries in the Asia-Pacific (Apac) region that Indian companies have created at least 1.71 lakh local jobs in nine countries with very few Indians requiring work permits. The issue was flagged recently with countries negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement, including China, Japan, South Korea, Australia, New Zealand and Asean nations. While negotiators from these countries are seeking steep reduction in import duties in India, they are unwilling to allow Indian professionals, such as software engineers and architects, on work visas or even commit to easier investment rules for Indian companies. The Indian government is seeking to impress upon these countries, by making a point that not only do Indian professionals contribute to their economies but companies such as Infosys, Wipro, TCS and HCL also create thousands of jobs. In recent years, visa restrictions have gone up and the government is accusing the Singapore government of going back on its commitment to allow Indian professionals, despite committing to it in the bilateral trade and investment treaty. Recently, Australia tightened its visa rules in a bid to check foreigners on work visas, prompting PM Narendra Modi to raise the issue with his counterpart Malcolm Turnbull.
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